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National Credit Union Service Organization

DEPARTMENT OF COMMERCE FEDERAL CREDIT UNION

Mar, 31, 2022 — DEPARTMENT OF COMMERCE FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 3 branch locations and about $666.45 million in total assets. Opened 58 years ago in 1964, DEPARTMENT OF COMMERCE FEDERAL CREDIT UNION has about 19,399 members and employs 97 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 254074439
Name:DEPARTMENT OF COMMERCE FEDERAL CREDIT UNION
Address:
(Main Office)
1401 Constitution Ave NW Rm B-0038A
WASHINGTON, DC 20230-0001
Phone:(202) 808-3600
Fax:(202) 482-4317
Website:http://www.docfcu.org
Branches:3 branch locations
Members:19,399
Credit Union Type:Federal Credit Union
Charter Number:16410
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1964
Last Audited:Mar 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$666,448,102
CEO/Manager:Evan Clark
Chairperson:James Boney

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 64,786,023
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 433,736,335
 Unsecured Loans 49,153,948
 Other Loans 26,559,679
 TOTAL LOANS 509,449,962
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,462,731
 Land And Building 0
 Other Fixed Assets 1,640,370
 NCUSIF Deposit 3,979,787
 All Other Assets 0
  TOTAL ASSETS 666,448,102
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 51,600,000
 Accounts Payable & Other Liabilities 17,472,492
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 8,400,000
 Share Drafts 104,979,220
 Regular shares 119,577,537
 All Other Shares & Deposits 320,591,872
  TOTAL SHARES & DEPOSITS 545,148,629
  TOTAL LIABILITIES 622,621,121
 Regular Reserve 0
 Other Reserves 6,043,392
 Undivided Earnings 37,783,589
  TOTAL EQUITY 43,826,981
  TOTAL LIABILITIES, SHARES, & EQUITY 666,448,102
INCOME & EXPENSE  
 Loan Income 4,845,083
 Investment Income 263,093
 Other Income 131,368
 Total Employee Compensation & Benefits 3,139,040
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,779,491
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 307,996
 Cost of Funds 1,413,693
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -353,503
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